Search This Blog

Subscribe to this blog

Follow by Email

Groundwork Labs Announces Summer 2016 Program

DURHAM, N.C. -- Groundwork Labs (www.groundworklabs.com), a program to speed the growth of technology startups, announces its next program will begin on May 16, 2016, with an application deadline of March 29. The NC IDEA Foundation sponsored program is offered at no cost to selected startups. Groundwork Labs provides intense mentorship and guidance on customer discovery, building an MVP and fundraising. The program is for entrepreneurs who are experts in their field but have a gap that Groundwork Labs can help address. The company must be a technology-based business with the potential to scale.

Sharing Your Brand, Your Message

“We have made several changes to the program, the most visible of which is that we have shortened the program to two months. We believe the shorter, more intense experience will enable companies to move faster, as well as enable us to offer more sessions each year,” said Groundwork Labs Director, John Austin.

If a company is also applying for an NC IDEA grant, the NC IDEA grant application can serve as the Groundwork Labs application. The applicant must select that they intend to also apply for Groundwork Labs on the NC IDEA application. The NC IDEA grant application deadline is March 11.

"Groundwork Labs forced us to clarify a lot of assumptions we had about product development, customer acquisition, and our business model. The mentorship we received was invaluable. I would recommend Groundworks to anyone who is starting a company." - Jamey Heit, Essay Assay (NC IDEA Grant Winner)

Entrepreneurs interested in learning more about our program and the application process are encouraged to attend one of the following info sessions:

About Groundwork Labs
Groundwork Labs is an NC IDEA Foundation program for selected entrepreneurs to test their idea and get expert guidance towards raising their first round of funding. The program shares many characteristics of a technology accelerator. It is highly selective and provides services such as: mentoring, networking opportunities, and advice over an intensive two-month period. The program is offered at no charge and does not take an equity stake or make an investment in the companies it serves. Since launching in February 2012, more than 100 companies have been through Groundwork Labs. Fourteen of those companies have won NC IDEA grants and twelve have been accepted into accelerators. More than 20 of these companies have raised more than $5 million total in equity funding and have been awarded $2 million in grants.

About NC IDEA
NC IDEA is a private foundation committed to supporting business innovation and economic advancement in North Carolina. The organization serves as a catalyst for young, high-growth technology companies by promoting initiatives that foster growth and guides these companies to become major contributors to the state’s business community. Currently, NC IDEA works closely with these innovative startups mainly by providing early financing in the form of grants. NC IDEA also funds the Durham-based startup program Groundwork Labs. Since its inception in 2006, NC IDEA’s grant program has awarded over $4.2M to 104 companies across the state. Learn more at www.ncidea.org.

Get link

Facebook

Twitter

Pinterest

Google+

Email

Other Apps

Popular Posts

LUND, Sweden -- Earlier this year, Precise Biometrics finalized its acquisition of Potsdam, NY-based NexID Biometrics, a developer of liveness detection software. Startup TechWire reached out to President and CEO Håkan Persson to learn more about how this move impacts his company's lineup of fingerprint software and mobile smart card readers for convenient and secure authentication of people’s identity, and got a glimpse into some issues affecting the biometrics industry in the U.S. and abroad.

Why did Precise Biometrics buy NexID?
By the end of 2020 it is expected that more than 60 percent of all payment transactions will be authenticated by means of biometric authentication, primarily fingerprints. At the same time, fraud is on the rise and expected to continue to grow, prompting payment providers to mitigate fraud through improved security measures.

Through the acquisition of NexID Biometrics, we get access to technology that can identify fake fingers and attempts to spoof a fi…

DURHAM, N.C. -- Businesses across Raleigh, Durham, and Chapel Hill are buzzing – with bees, thanks to Bee Downtown, a unique startup installing and maintaining beehives in urban areas. With a mission to rebuild healthy honey bee populations in cities, Bee Downtown is committed to educating communities about the benefits of bees and how businesses and individuals can collectively help save them.

Leigh-Kathryn Bonner founded the company in 2014 during her junior year at North Carolina State University. A fourth-generation beekeeper from North Carolina, she took her passion for honey bees, agriculture, and entrepreneurship and put it to use in cities to help rebuild healthy honey bee populations.

PALO ALTO, Calif. -- MEDABLE Inc., the leading application and analytics platform for healthcare, today announced Cerebrum, the first cloud-based machine learning solution created specifically for healthcare apps. Cerebrum leverages data gathering smartphones with a first-of-its-kind machine learning engine, resulting in health events becoming more easily predicted, such as warning an elderly relative when he is at greatest risk of a fall, or preventing an asthmatic child from triggering a life threatening episode.